Urbanise.com Annual Report 2019

Performance rights Year PR awarded during the year No Award date Fair value at award date $ Vesting date Exercise price Expiry date No. Vested during year No. lapsed during year $ Value of PR granted during the year $ Value of PR exercised during the year 1,500,000 31/8/19 31/8/19 1,500,000 D Bugden 2019 1,500,000 24/10/18 $.027 31/8/20 $0.00 31/8/20 – 1,500,000 121,500 – 1,500,000 31/8/21 31/8/21 1,500,000 1,500,000 31/8/19 31/8/19 S Jain 2019 1,500,000 24/10/18 $.027 31/8/20 $0.00 31/8/20 – – 121,500 – 1,500,000 31/8/21 31/8/21 1,500,000 31/8/19 31/8/19 V Selzer 2019 1,500,000 24/10/18 $.027 31/8/20 $0.00 31/8/20 – – 121,500 – 1,500,000 31/8/21 31/8/21 1,500,000 31/8/19 31/8/19 H Venter 2019 1,500,000 24/10/18 $.027 31/8/20 $0.00 31/8/20 – – 121,500 – 1,500,000 31/8/21 31/8/21 Shares issued on exercise of options or performance rights 30 June 2019 No of shares issued Paid per share cents Nil Nil – Performance rights holdings of KMP Balance at 30 June 2018 Granted (i) Forfeited/ lapsed (iii) Exercised Balance at 30 June 2019 Non-Executive Directors R Bate 750,000 – – – 750,000 Executives D Bugden (ii) 1,212,500 4,500,000 (5,712,500) – – S Jain 681,250 4,500,000 (681,250) – 4,500,000 V Selzer 625,000 4,500,000 (625,000) – 4,500,000 H Venter (iv) 675,000 4,500,000 (675,000) – 4,500,000 Total 3,943,750 18,000,000 (7,693,750) – 14,250,000 (i) The performance rights granted in respect of the LTI. The cash flow target for FY19 was achieved, and the performance rights will vest in 3 tranches on 31 August 2019, 31 August 2020 and 31 August 2021. There is no exercise price on these performance rights. (ii) The performance rights lapsed on his termination. (iii) The performance rights, granted in FY18 were forfeited in FY19 as the share price hurdle of 30 cents (based upon the volume weighted average price of shares for the last 5 days of trading prior to 30 June 2019) was not achieved. (iv) The performance rights were retained on departing the Group at the Board’s discretion. Directors’ Report 29